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Carpe diem: Intraday tactics for Dax and Dow

  • #26,001
  • Edited 7:54am Sep 27, 2016 7:17am | Edited 7:54am
Quoting Dutchy Daxy
DAX Long (again) @ 295 Still bearish/heavy market so counter trade
Flat -10 points. 1 lot.

US markets bounced of down of their 50% Y OR level.

Maybe because of Oil drop as well.

Still worried for that old Weekly POC @ 10.232 in the DAX
When we reached that level the 10.200 is close and calling.

US markets below their Y Opening Range and on the Y close. Nothing left from that Overnight up move. Just air so far.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,002
  • Sep 27, 2016 7:50am Sep 27, 2016 7:50am
I bought now with a stop loss at 10,270
  • #26,003
  • Sep 27, 2016 8:05am Sep 27, 2016 8:05am
Quoting stylinex
I bought now with a stop loss at 10,270
US markets drop and you buy????
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,004
  • Sep 27, 2016 8:15am Sep 27, 2016 8:15am
http://www.zerohedge.com/news/2016-0...e-record-highs

Perhaps we go short
  • #26,005
  • Sep 27, 2016 8:18am Sep 27, 2016 8:18am
Quoting Dutchy Daxy
{quote} US markets drop and you buy????
Closed my position. Stop loss kicked in at 10,270. Had bought at 10,282. Thought we would reverse. Bad call
  • #26,006
  • Sep 27, 2016 8:20am Sep 27, 2016 8:20am
Quoting derekw
http://www.zerohedge.com/news/2016-0...e-record-highs Perhaps we go short
DAX closed the GAP of Sept 16 @ 258
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,007
  • Sep 27, 2016 8:23am Sep 27, 2016 8:23am
Quoting derekw
http://www.zerohedge.com/news/2016-0...e-record-highs Perhaps we go short
Looks like the Rothschild still want the Germans to pay compensation. They went after VW for Billions and now are after Deutsche Bank for Billions. Not sure how they come up with these Billions of dollars in fines. These fines are literally enough to wipe any big bank out or any big company:manufacturer out.
  • #26,008
  • Sep 27, 2016 8:27am Sep 27, 2016 8:27am
Quoting stylinex
{quote} Looks like the Rothschild still want the Germans to pay compensation. They went after VW for Billions and now are after Deutsche Bank for Billions. Not sure how they come up with these Billions of dollars in fines. These fines are literally enough to wipe any big bank out or any big company:manufacturer out.

US goverment is negotiating with VW about the heigt of the fine.
They will fine just that high so that VW will not go bankrupt.

I saw a guy loosing 100K in a currency live trade this morning.
He got a bad day too.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,009
  • Edited 9:06am Sep 27, 2016 8:39am | Edited 9:06am
S&P closed the Y GAP
DOW did just now

DAX moves up to cover today singles.

Long @ 295
First target up to 330/335 (green line)
T1 +11 points
1 lot to go...Trailing
Locked in +21 last lot
Locked in +26 last lot
Locked in +31 last lot
Locked in +41 last lot

First part today single TPO's covered

Next target Last Week POC @ 348
Next target last today single TPO blocks up to 370/next green line

But US markets stilll heavy/bearish.
No envelope on my DOW and S&P MA lines (sideways), which usually means big swings around the MA lines
Attached Image
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,010
  • Sep 27, 2016 9:01am Sep 27, 2016 9:01am
A bit of craziness at US open, but nothing unusual, there are decent support around 2132 on /ES, I just didn't expect that fast drop, like in 30 sec there. I did a long scalp when they breached POC, on a pullback toward POC, filled right at 2139.50 POC, aiming at 3-4 points.
Hope is dangerous in this game.
  • #26,011
  • Sep 27, 2016 9:07am Sep 27, 2016 9:07am
S&P on the top of its Y OR. Not breaking out above (yet)

DOW went up to it last Week POC and bounced of on the tick.

US markets have less to do with German problems.
They still happy with Hillary and want to recover so far
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,012
  • Sep 27, 2016 9:11am Sep 27, 2016 9:11am
Quoting Dutchy Daxy
S&P closed the Y GAP DOW did just now DAX moves up to cover today singles. Long @ 295 First target up to 330/335 (green line) T1 +11 points 1 lot to go...Trailing Locked in +21 last lot Locked in +26 last lot Locked in +31 last lot Locked in +41 last lot First part today single TPO's covered Next target Last Week POC @ 348 Next target last today single TPO blocks up to 370/next green line But US markets stilll heavy/bearish. No envelope on my DOW and S&P MA lines (sideways), which usually means big swings around the MA lines {image}
FLAT DAX last lot +41 points
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,013
  • Sep 27, 2016 9:16am Sep 27, 2016 9:16am
Quoting Dutchy Daxy
{quote} US goverment is negotiating with VW about the heigt of the fine. They will fine just that high so that VW will not go bankrupt. I saw a guy loosing 100K in a currency live trade this morning. He got a bad day too.
Hard to call these days. Maybe I should have stuck to
my call. Took a while but heading in my predicted direction now. Cleared 10,300 with 10,400 target
  • #26,014
  • Sep 27, 2016 9:20am Sep 27, 2016 9:20am
Quoting Dutchy Daxy
... US markets have less to do with German problems. They still happy with Hillary and want to recover so far...
Yes. Over the years I realized that they will react/follow on DAX in premarket, but after NYSE open, not so much... I have seen that European problems in general, like Ukraine, Greece, German / Italian banks and other non-US shit is not that important in US RTH. Also, the most dangerous time to be short is when they are going from negative teritory to positive, since that means a lot of short covering. Everybody that have shorts from premarket are suddenly wrong, and all that they can think about is how to get the hell out and fast. I know that this is just something that probably everybody knows, but still... Nazdaq 100 just did a 50 points rip-your-face rally in half-hour.

HVN on /ES @ 2132.50 - what a bounce...
Hope is dangerous in this game.
  • #26,015
  • Sep 27, 2016 9:22am Sep 27, 2016 9:22am
Quoting stylinex
{quote} Hard to call these days. Maybe I should have stuck to my call. Took a while but heading in my predicted direction now. Cleared 10,300 with 10,400 target
Never try to predict. You will always loose.
Follow your MA lines and study Market Profile.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,016
  • Sep 27, 2016 9:26am Sep 27, 2016 9:26am
End of the month now. We could see some end of the month rally for that monthly candle. Let's see if the end of the month window dressing kicks in or not. Odds though are not much in favor with that Deutsche Bank fine
  • #26,017
  • Sep 27, 2016 9:28am Sep 27, 2016 9:28am
Quoting Dutchy Daxy
{quote} Never try to predict. You will always loose. Follow your MA lines and study Market Profile.
I am always open to other opinions. Never look one way only. I read your posts here as well😉
  • #26,018
  • Edited 9:45am Sep 27, 2016 9:28am | Edited 9:45am
Quoting stylinex
End of the month now. We could see some end of the month rally for that monthly candle. Let's see if the end of the month window dressing kicks in or not. Odds though are not much in favor with that Deutsche Bank fine
US markets need to go up to close that Daily Gap and fill the last Wednesday pocket, but blocked by the EU markets.
Likely we will go up there before the end of the month. Window dressing indeed.

But NO predictions here......
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,019
  • Sep 27, 2016 9:52am Sep 27, 2016 9:52am
Quoting Dutchy Daxy
{quote} US markets need to go up to close that Daily Gap and fill the last Wednesday pocket, but blocked by the EU markets. Likely we will go up there before the end of the month. Window dressing indeed. But NO predictions here......
They got those monthly options and calls that expire this week so we either get that end of the month window dressing which usually takes place or we get a red candle for on the monthly candle for this month. My bet is on the window dressing table for now. That good old invisible hand may squeeze DAX shorts out who are taking advantage of Deutsche Bank crisis to short DAX
  • #26,020
  • Sep 27, 2016 10:00am Sep 27, 2016 10:00am
Oli further down again.
Could give pressure on US markets.

Re entry Short again CL/Oil.

Little yellow box is the first 3 minute Opening Range or Opening Drive.
White dashed lines are the 60 Minute Opening Range or Initial balance called.

CL broke out to the downside.......
Attached Image (click to enlarge)
Click to Enlarge Name: CL 11-16 (20 Range) 27-9-2016.jpg Size: 123 KB
It's better to be out wishing to be in... than to be in wishing to be out!
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